Tax officials are tightening up their ropes with improved Big Data analytics to crack a whip on hoarders of black money.
Here are the simple signals that showcase a rise of Big data analytics use and a more planned crack down on Black Money hoarding:
Here are the reasons that such a major step in the Indian economy is so highly dependent on Big Data analytics:
We also think in compliance to the industry insiders, that the future of the retail industry also lies in the hands of Big Data analytics. Based on things like customer loyalty data, their browsing patterns, their social media interactions, history of purchases and demographic on data, retailers can predict the trends and prepare for the future demands of their clients.
With the use of Big Data analytics retailers can now have the power of acquiring deeper understanding of customer’s product preferences and their buying habits. Therefore, they have easier options to provide their customers with a smarter shopping experience thereby, building better customer loyalty along with offers of seamless and superior category of customer experience.
The biggest growth driving forces in the form of industries that are further pushing developments in Big Data and analytics are the retail, telecommunications and banking. If we can harness the true power of Big Data analytics and can enable the companies to gather data for unearthing insights and then create proper predictive models based on them, then we can gain better insights and understanding of the customer behaviour and may help drive sales through the roof.
With effective utilization of the advantages offered by Big Data analytics organizations can be allowed to focus on the acquiring of better results and to offer an improved customer experience.
Large amounts of data upon mapping will be able to gain actionable insights on the demographic, analytical, operational, and transactional behaviours of the customers. retailers will be able to gain benefits by anticipating the customer’s needs and optimizing the business opportunities thereby enabling themselves to mitigate risks and retain better the high net-worth. With being in sync to the customer’s needs further will allow the retailers to offer better personalized marketing solutions.
— DexLab Analytics (@Dexlabanalytics) December 13, 2016
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